Expedia Group (NASDAQ:EXPE) Upgraded at Melius Research

Melius Research upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other brokerages have also issued reports on EXPE. Wedbush boosted their price objective on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays increased their price objective on Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Monday, October 7th. Finally, Oppenheimer increased their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.63.

Expedia Group Trading Up 0.2 %

NASDAQ:EXPE opened at $182.62 on Monday. Expedia Group has a 1-year low of $107.25 and a 1-year high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.03 and a beta of 1.84. The business’s 50-day moving average price is $182.23 and its two-hundred day moving average price is $153.06.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. Venturi Wealth Management LLC raised its stake in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the period. Brooklyn Investment Group bought a new position in shares of Expedia Group in the 3rd quarter worth $51,000. Strategic Financial Concepts LLC acquired a new stake in Expedia Group in the 2nd quarter valued at $65,000. Future Financial Wealth Managment LLC bought a new stake in Expedia Group during the 3rd quarter valued at $74,000. Finally, Versant Capital Management Inc increased its stake in Expedia Group by 299.3% during the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock valued at $104,000 after purchasing an additional 419 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.